Photo 1 of 1
$305,000
Sold on 11/28/17
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
3,688 |
$5,443 |
1976 |
On the market:
2 days
|
View full details, 15 photos, school info, and price history
CAMBRIDGE offers an investor the opportunity to acquire a 100% occupied QUADPLEX. Built in 1976 consisting of a total Two duplexes which each duplex is 1844/SF. The layout on each side is 2 bedrooms 1 bath approximately 922/SF each out that are currently renting below market rents at $700 for each unit. As of July 2017, one bedroom apartments in Port Orange rent for $982 a month on average (a 3.87% increase from last year). The average rent for a 2-bedroom apartment is $1,128. Property can also be used as Airbnb for short term Vacation Rentals as the property is less than 10 minutes from the Halifax River, Ponce Inlet Town and New Smyrna Beach. Current 8.1 Cap and is a Value Add opportunity for that investor who is looking to do a little TLC on the units. Rents are below market and have long term tenants in place.
Listing courtesy of Melissa Rodriguez, CORCORAN PREMIER REALTY